Costco Wholesale (COST) Raises Quarterly Dividend 12.5% to $.45; 1.2% Yield

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Costco Wholesale Corporation Announces an Increase in Its Quarterly Cash Dividend

April 14, 2016 6:14 PM EDT

ISSAQUAH, WA -- (Marketwired) -- 04/14/16 -- Costco Wholesale Corporation ("Costco" or the "Company") (NASDAQ: COST) today announced that its Board of Directors has declared a quarterly cash dividend on Costco common stock and approved a quarterly increase from $.40 to $.45 per share, or $1.80 per share on an annualized basis. The dividend is payable May 13, 2016, to shareholders of record at the close of business on April 29, 2016.

Costco currently operates 703 warehouses, including 492 in the United States and... More